XRP Price On Shaky Ground As A New Selloff Threatens

XRP is experiencing a significant bearish correction, trading below key support levels including the $1.150 zone and 100-hourly moving average. Technical indicators show bearish momentum, with potential further downside toward $1.10 if the asset fails to recover above critical resistance levels.

XRP/USD has broken through multiple technical support levels, signaling a shift from bullish to bearish market structure. The asset's failure to maintain position above the $1.1750 zone triggered a cascade of selling pressure, resulting in breaches below the 38.2% Fibonacci retracement level and a critical bullish trend line at $1.1620. This deterioration matters because it reflects weakening buying pressure and suggests that investors who accumulated at lower levels are taking profits.

The technical setup reveals converging bearish pressures. The MACD indicator is accelerating into negative territory, while the RSI has dropped below the 50 midpoint—a threshold typically associated with momentum shifting toward sellers. These indicators suggest the downward move has mechanical force behind it rather than representing isolated weakness.

For traders, the $1.1020 level and $1.080 support zone represent critical decision points. A sustained break below $1.1020 would open a path toward $1.050, potentially wiping out recent gains from the $1.050 swing low. On the upside, XRP faces a formidable resistance wall at $1.1500 and $1.1840, requiring buyers to recapture multiple levels sequentially to reverse the current bearish trend.

The broader context suggests XRP is moving in tandem with Bitcoin and Ethereum, indicating that the weakness is part of a wider market cycle rather than asset-specific. Investors should monitor whether XRP can stabilize at major support zones or whether sustained selling pushes it toward lower psychological price levels that could trigger cascading liquidations.

• →XRP has broken below the $1.150 support level and 100-hourly moving average, establishing a bearish technical structure
• →The MACD is accelerating bearish while RSI has dropped below 50, confirming weakening momentum
• →Major support sits at $1.1020 and $1.080, with potential further decline toward $1.050 if these levels break
• →Resistance at $1.1500 and $1.1840 must be recaptured for bulls to reverse the bearish trend
• →The selloff aligns with weakness in Bitcoin and Ethereum, suggesting a broader market correction